Legal & Compliance
NewTower believes that strong internal controls
are essential to its service to investors and to the performance
of the funds NewTower manages. From the day NewTower opened for
business, it has had an in-house legal and regulatory compliance
office to provide regulatory and risk management services to management
and the Board of Directors. The function is organized to report
directly to the Board as well as to senior management in order to
provide a degree of independence from management. The services cover
the numerous rules and regulations governing NewTower as a bank,
a trustee and a manager of pension fund and other investments.
Through close attention to its regulatory and
compliance obligations, NewTower has successfully maintained a good
relationship with its regulators and consistently achieved strong
ratings in regulatory examinations.
The Legal and Compliance program is designed as
a means of further assuring investors of NewTower's intent to put
their interests first.